(Q3)
LAW AFFECTING CURRENCY
1. Ordinance No. 0 of 1865, sectious 133 and 20.—This Ordinance relates to the offence of forging Bank Nates.
2. Ordinance No. 10 of 1865.—Offences against Coinage, but seetious 4. 5, 16, 17, 26 and 27 not in force by
Proclamation in Gazette of 21st October, 1865, under the Ordinance,
3. Ordinance re Chopping Dollars.
4. Order în Council of 2nd February, 1895, published in Gore ument Gazette Extraordinary of 39th March, 1895, declares that Mexican Dollars, Hongkong Dollars and British Dollars or other Silver Dollars of equivalent valne duly authorised by the Governor of Hongkong shall be the only legal tember, and provides that Silver Coins representing some multiple of the cent or one-latudredth part of the said Dollars shall be a legal tender for any sum not exceeding Two Dollars, and that Copper or Bronze Cains representing the cent or one-hundredth part, or the mil or cash representing one-thousandth part of the Dollar shall be a legal tender for any sum nat exceeding One Doliar.
The above Currency consists of the following Coins, viz. :
1. The Silver Dollar of Mexico.
2. The Hongkong Dollar and Half-Doliar issued from Her Majesty's Mint, at Hongkong.
3. The British Dollar.
4. Silver Coins issued from Her Majesty's Mint, representing-
(i) One-half of the said Dollar commonly called Fifty-Cent Piece;
(ii) One-fifil part of the said Dollar, commonly called Twenty-Cent Piece; (iii) One-tenth part of the said Dollar, commonly called Ten-Cent Piece; and (iv) One-twentieth part of thesaid Dollar, commonly called Five-Cent Piece.
5. Copper or Bronze Coins, also issued from Her Majesty's Mint representing-
(i) One-hundredth part of the said Dollar, and commonly called One Cent; and (ii) One-thousandth part of the said Dollar, and commonly called Mil or Cash,
The Army rate of exchange for issue of Silver Dollars to His Majesty's troops is now fixed quarterly by the Imperial Treasury,
The rate for first quarter of 1901 was 2-, for second quarter 2,1, for third quarter 2-, and for fourth quarter 111
r Dollar.
AMOUNT OF COIN IN CIRCULATION.
Approximate amount of Hongkong Dollars and Half-Dollars strick at the Hongkong Mint.... $1,421,487,00 Approximate amount of Hongkong Silver and Copper Subsidiary Coins (50, 20, 10 and 5- į Cent pieces; and 1-Cent and Mil pieces) put into circulation up to 31-t December, 1901,
| #33,271,125.00
It is impossible to state how many of the above Coins, and of Coins of other denominations are in circulation, but the probability is that of the Hongkong Silver Coins there is not 2 per cent, of the total issue at the present.
time within the Colony.